“If investors of all categories — from private to institutional — decide to direct 2% to 5% of their portfolios to the first cryptocurrency, its value may reach $700,000. This was stated by the CEO of BlackRock in an interview with Bloomberg. *BLACKROCK’S FINK: “If you’re frightened of the debasement of your currency, or… of the economic or political stability of your country, you can have an international […]”, — write: businessua.com.ua
If investors of all categories — from private to institutional — decide to direct 2% to 5% of their portfolios into the first cryptocurrency, its value could reach in $700,000. This was stated by the CEO of BlackRock in an interview with Bloomberg.
*BLACKROCK’S FINK: “If you’re frightened of the debasement of your currency, or… of the economic or political stability of your country, you can have an internationally based instrument called Bitcoin that will overcome those local fears.. [BTC] could be $500k, $600k, $700k…” pic.twitter.com/HxDLWnbYz6
— Alex Thorn (@intangiblecoins) January 22, 2025
“This week I met with representatives of the sovereign wealth fund, and the conversation was about whether to allocate 2% or 5% of the portfolio. If everyone adopted this strategy, Bitcoin could be worth $500,000, $600,000, or even $700,000,” Fink said.
However, he emphasized that he does not seek to promote cryptocurrencies, as well as “self-serving”.
During the interview, the top manager suggested that Bitcoin can change people’s lives — especially those who live in countries with unstable national currencies.
“If you are afraid of the devaluation of your currency or if you are afraid of the economic or political stability of your country, you have an international tool called Bitcoin that can overcome these local fears […]. So I’m a firm believer in using it as a tool,” Fink said.
BlackRock’s IBIT spot exchange-traded fund has $60 billion in digital gold under management, according to SoSoValue.
It will be recalled that in the autumn Fink expressed confidence in the growth of bitcoin as an alternative to gold and other exchange commodities.
In April 2022, the BlackRock CEO announced the company’s interest in cryptocurrencies, although a little earlier he was included in the “enemies list” of digital gold by PayPal co-founder Peter Thiel.
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